5 Lessons Learned From 1 Year of Owning a Laundromat

I'm Keira Hamilton and I own The Laundry Corner in San Francisco, CA. In this video, I break down 5 lessons I've learned after a year of owning and operating a laundromat.

Timestamps:
00:00 Start
00:39 Lesson #1: Laundromats are not passive income
05:00 Lesson #2: Work in AND on your business
09:01 Lesson #3: Flexibility is key
11:33 Lesson #4: You can't foolproof a laundromat
13:26 Lesson #5: Beware of the zombiemat

#laundromat #smallbusiness #ETA #passiveincome

[splashemoutlaundromat]

Very good video. Congratulations on your laundromat, we wish you many years of success.

[briandillon]

How do you regulate the opening and closing of the business? Do you automate the opening/closing or does someone physically lock/unlock? What is a good size (sq ft) if you were to start from scratch? FYI, i'm in the midwest. $10 psf triple net is about the going rate here.

[tonycasillas]

Does crime play an issue in owning your laundromat???

[austinpaul]

Where do you look for a decent laundromat?

[tanesha]

Is it best to buy one or build my own from the ground?

[bernadineglow]

Do you live in San Francisco? I'm trying to buy a laundromat I'm afraid it's too far away from my house

[Whoville]

@Keira Hamilton I am looking to get into this business as well. Do you have any advice on what brand of machine is good?
say If i want to do credit card plus coin or just coin laundry?
How often does a particular brand need to serviced compared to others?
To be honest I'd like to ask a ton of questions, but l don't want to take up a lot of your time